How much will your bobcat lift? Will it lift high enough?
I have removed a couple of large motors with a front end loader, its a PITA. Especially if you get a little hydraulic creep.
for a OM617 I think you would be better off using a gantry or a strong roof truss.

__________________
Grumpy Old Diesel Owners Club group

I no longer question authority, I annoy authority. More effect, less effort....

1967 230-6 auto parts car. rust bucket.
1980 300D now parts car 800k miles
1984 300D 500k miles
1987 250td 160k miles English import
2001 jeep turbo diesel 130k miles
1998 jeep tdi ~ followed me home. Needs a turbo.
1968 Ford F750 truck. 6-354 diesel conversion.
Other toys ~J.D.,Cat & GM ~ mainly earth moving